375A.105 Ā Determination of federal credit attributable to property situated in Nevada. Ā If a decedent leaves property having a situs in this state, and leaves other property having a situs in another state, the portion of the federal credit which is attributable to the property having a situs in Nevada must be determined in the following manner:

1. Ā For the purpose of apportioning the federal credit, the gross value of the property must be that value finally determined for the purposes of the federal estate tax.

2. Ā The federal credit must be multiplied by the percentage which the gross value of property having a situs in Nevada bears to the gross value of the entire estate subject to federal estate tax.

3. Ā The product determined pursuant to subsection 2 must be the portion of the federal credit which is attributable to property having a situs in Nevada.

(Added to NRS by 1987, 2100)